USPACE TECH (01725) Plans to Issue Up to 251 Million New Shares, Raising Up to HK$138 Million

Stock News12-05

USPACE TECH (01725) announced that on December 5, 2025 (after trading hours), the company entered into a subscription agreement with subscribers (Ms. Zhong Li and Mr. Xie Changlun) to issue approximately 161 million subscription shares at HK$0.560 per share. This represents a 20.00% discount to the closing price of HK$0.700 per share on the last trading day on the Hong Kong Stock Exchange. Additionally, the company intends to place up to 90 million placement shares through a placing agent at HK$0.560 per share. Assuming full placement of the shares, the net proceeds from the subscription and placement are expected to reach up to HK$138 million. Of this, 65.31% will be used to repay shareholder loans, while 34.69% will serve as general working capital for the group, covering ongoing administrative expenses such as salaries, rent, professional fees, and office costs.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1138700824?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-05 22:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1138700824","market":"sg","top_or_hot":-1,"title":"USPACE TECH (01725) Plans to Issue Up to 251 Million New Shares, Raising Up to HK$138 Million","media":"Stock News","content":"<p>USPACE TECH (01725) announced that on December 5, 2025 (after trading hours), the company entered into a subscription agreement with subscribers (Ms. Zhong Li and Mr. Xie Changlun) to issue approximately 161 million subscription shares at HK$0.560 per share. This represents a 20.00% discount to the closing price of HK$0.700 per share on the last trading day on the Hong Kong Stock Exchange. Additionally, the company intends to place up to 90 million placement shares through a placing agent at HK$0.560 per share. Assuming full placement of the shares, the net proceeds from the subscription and placement are expected to reach up to HK$138 million. Of this, 65.31% will be used to repay shareholder loans, while 34.69% will serve as general working capital for the group, covering ongoing administrative expenses such as salaries, rent, professional fees, and office costs.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>USPACE TECH (01725) Plans to Issue Up to 251 Million New Shares, Raising Up to HK$138 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUSPACE TECH (01725) Plans to Issue Up to 251 Million New Shares, Raising Up to HK$138 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-12-05 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>USPACE TECH (01725) announced that on December 5, 2025 (after trading hours), the company entered into a subscription agreement with subscribers (Ms. Zhong Li and Mr. Xie Changlun) to issue approximately 161 million subscription shares at HK$0.560 per share. This represents a 20.00% discount to the closing price of HK$0.700 per share on the last trading day on the Hong Kong Stock Exchange. Additionally, the company intends to place up to 90 million placement shares through a placing agent at HK$0.560 per share. Assuming full placement of the shares, the net proceeds from the subscription and placement are expected to reach up to HK$138 million. Of this, 65.31% will be used to repay shareholder loans, while 34.69% will serve as general working capital for the group, covering ongoing administrative expenses such as salaries, rent, professional fees, and office costs.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1167","symbol_name":"电子制造服务","start_time":0,"source_url":"","article_id":"1138700824","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138700824","pubTimestamp":1764945855,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"USPACE TECH (01725) announced that on December 5, 2025 (after trading hours), the company entered into a subscription agreement with subscribers (Ms. Zhong Li and Mr. Xie Changlun) to issue...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1167":"电子制造服务","01725":"中国技术集团"},"translate_title":"优空间科技(01725)拟发行最多2.51亿股新股集资最多1.38亿港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01725":1},"content_text":"USPACE TECH (01725) announced that on December 5, 2025 (after trading hours), the company entered into a subscription agreement with subscribers (Ms. Zhong Li and Mr. Xie Changlun) to issue approximately 161 million subscription shares at HK$0.560 per share. This represents a 20.00% discount to the closing price of HK$0.700 per share on the last trading day on the Hong Kong Stock Exchange. Additionally, the company intends to place up to 90 million placement shares through a placing agent at HK$0.560 per share. Assuming full placement of the shares, the net proceeds from the subscription and placement are expected to reach up to HK$138 million. Of this, 65.31% will be used to repay shareholder loans, while 34.69% will serve as general working capital for the group, covering ongoing administrative expenses such as salaries, rent, professional fees, and office costs.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1138700824","isCrawlerRequest":true}